Tag: Startups

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About Me: My name is Solarin Yetunde, a native of Ogun State, Sagamu Local government and I am the last born of Solarin family. I attended Remo Secondary School and did my SSCE at Topmost College. I bagged my first degree at Olabisi Onabanjo University in the department of Business Administration and I graduated with Second Class Upper Division (Hons). I have a certification in Project Management, a member of the Association of Accounting Technicians and a student of the Institute of Chartered Accountants of Nigeria. I did my NYSC in Oyo State at the Ministry of Trade, Investment and Co-operative. I am single but engaged to my best friend who has been a source of unlimited courage and backing to me.

Where Do Ideas Come From?

Ideas are worth a penny but good ideas don’t come cheaply or easily; at least to the most of us. We tend to think of inventors as another species—geniuses—who have sudden flashes of insight. Some of us can’t think of a single instance when a light bulb went off in our head, leading to some killer new idea. According to historians who specialize in the development of inventions and the thought processes of inventors, innovation is often a slow and iterative process. [National Geographic].

Conducting a SWOT analysis before starting out in business is a crucial first step for anyone serious about succeeding in business. Just like when going into battle, you need to know what’s in your arsenal, where your weak points are and where your strong points are, what can you capitalize on in the environment etc. This is exactly what a SWOT analysis gives you as an entrepreneur.